Brookfield Infrastructure, an arm of Canadian asset manager Brookfield Asset Management, agreed to purchase Australia's Asciano Ltd in a deal valued at $8.84 billion, creating a global rail, port and logistics business.The A$12 billion deal, the seventh largest takeover of an Australian firm by an overseas entity, underscores the huge international appetite for Australian infrastructure.Asciano's former parent company, Toll Holdings, agreed to a A$6.5 billion takeover by Japan Post Holdings Co Ltd earlier this year. Record low interest rates have added to the M&A appeal of a sector already struggling with lower valuations because of a downturn in coal exports.
Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. Shares of BAM fell by 0.72% or $-0.25/share to $34.27. In the past year, the shares have traded as low as $28.40 and as high as $39.00. On average, 1245530 shares of BAM exchange hands on a given day and today's volume is recorded at 449619.
Post Holdings, Inc. is a consumer packaged goods holding company. Shares of POST fell by 0.44% or $-0.29/share to $65.99. In the past year, the shares have traded as low as $30.94 and as high as $66.44. On average, 1158640 shares of POST exchange hands on a given day and today's volume is recorded at 293811.